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2010-07-11 10:57:48
11 Bravo
Banned
+965|5627|Cleveland, Ohio
Right so I gamble at both places, Wall Street and my local horse racing casino best buffet ever place Canterbury Park (http://www.canterburypark.com/)

The reason for this post is simple....if I gave you 1000 dollars of whatever currency, which would you gamble on?  horses or stock market and why? (and thats the only two choices if you want to say null vote or a third choice piss off to EE chats).

I ask because I recently sat down and looked at both gambling investments and found over the past 8 years or so I have made almost twice as much with the horses versus the crooks...erm stock market.  Ya the stock market may have tanked but even when it was good....really good, they were about even anyway.
2010-07-11 10:59:21
Harmor
Error_Name_Not_Found
+605|6938|San Diego, CA, USA
Put it all on black.  Faster return.
2010-07-11 10:59:44
ATG
Banned
+5,233|6919|Global Command
I would get my friend Jonny who is a master at picksix and have him go all in for me at the track.

Or I'd buddy up with one of the souless vampires that work for zombie banks and get some inside information and bet energy stocks.
2010-07-11 11:07:52
jord
Member
+2,382|7068|The North, beyond the wall.
If I were older, a little more responsible and wanted a long term, secure investment with a small yield to pass on to my Grandkids then stock market.

However, I'm not old and I'm all about the instant dollar, so Horse racing. I do the Grand national every year, last time I put my horse to win on like 16-1 and it came second. Meh.
2010-07-11 11:11:41
Flaming_Maniac
prince of insufficient light
+2,490|7097|67.222.138.85
For $1000, the horse track. If I am going to invest serious money I'm going to do serious research in a company I believe in and invest there.
2010-07-11 11:13:03
Jay
Bork! Bork! Bork!
+2,006|5748|London, England

Flaming_Maniac wrote:

For $1000, the horse track. If I am going to invest serious money I'm going to do serious research in a company I believe in and invest there.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
2010-07-11 12:45:07
unnamednewbie13
Moderator
+2,068|7161|PNW

jord wrote:

If I were older, a little more responsible and wanted a long term, secure investment with a small yield to pass on to my Grandkids then stock market.
Even if you were all that, the stock market is still a gamble. Why not invest in your own business? Still a gamble, of course.
2010-07-11 12:47:03
jord
Member
+2,382|7068|The North, beyond the wall.

unnamednewbie13 wrote:

jord wrote:

If I were older, a little more responsible and wanted a long term, secure investment with a small yield to pass on to my Grandkids then stock market.
Even if you were all that, the stock market is still a gamble. Why not invest in your own business? Still a gamble, of course.
Of course, everything is. Not as volatile as massively rookie horse race betting.
2010-07-11 12:48:33
Jay
Bork! Bork! Bork!
+2,006|5748|London, England

unnamednewbie13 wrote:

jord wrote:

If I were older, a little more responsible and wanted a long term, secure investment with a small yield to pass on to my Grandkids then stock market.
Even if you were all that, the stock market is still a gamble. Why not invest in your own business? Still a gamble, of course.
Walking down the street is a gamble.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
2010-07-11 12:51:11
11 Bravo
Banned
+965|5627|Cleveland, Ohio

JohnG@lt wrote:

Flaming_Maniac wrote:

For $1000, the horse track. If I am going to invest serious money I'm going to do serious research in a company I believe in and invest there.
you can research all you want, you cant know what is going on inside the company or in the high level CEO meetings.
2010-07-11 12:57:43
Flaming_Maniac
prince of insufficient light
+2,490|7097|67.222.138.85
That's why I would invest in small companies. Ideally where I could actually meet the CEO.

This idea that handing your money over to someone who uses trends, market predictions, and diversification to shave off profit from companies they know nothing about and calling that investing is fucking bullshit. It's abusing the idea of the stock market and is no better than gambling.
2010-07-11 12:59:04
Jay
Bork! Bork! Bork!
+2,006|5748|London, England
The best way to make money on the stock market is to do the exact opposite of what everyone else is doing.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
2010-07-11 12:59:55
Flaming_Maniac
prince of insufficient light
+2,490|7097|67.222.138.85
The best way to make money in the stock market is to ignore everyone else.
2010-07-11 13:00:03
11 Bravo
Banned
+965|5627|Cleveland, Ohio

Flaming_Maniac wrote:

That's why I would invest in small companies. Ideally where I could actually meet the CEO.

This idea that handing your money over to someone who uses trends, market predictions, and diversification to shave off profit from companies they know nothing about and calling that investing is fucking bullshit. It's abusing the idea of the stock market and is no better than gambling.
sounds great but it still doesnt rule out dishonesty...and small becomes big and the shit gets stupid.
2010-07-11 13:02:20
Flaming_Maniac
prince of insufficient light
+2,490|7097|67.222.138.85

11 Bravo wrote:

Flaming_Maniac wrote:

That's why I would invest in small companies. Ideally where I could actually meet the CEO.

This idea that handing your money over to someone who uses trends, market predictions, and diversification to shave off profit from companies they know nothing about and calling that investing is fucking bullshit. It's abusing the idea of the stock market and is no better than gambling.
sounds great but it still doesnt rule out dishonesty...and small becomes big and the shit gets stupid.
Investing is not risk-free. My point is there is a huge difference between actual investing where you understand the system you are putting your money into, how they in turn are going to invest the money, and exactly what the risk/reward situation is. The difference is an informed decision not a risk-free decision.
2010-07-11 13:02:24
Jay
Bork! Bork! Bork!
+2,006|5748|London, England

Flaming_Maniac wrote:

The best way to make money in the stock market is to ignore everyone else.
Even better advice.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
2010-07-11 13:03:44
11 Bravo
Banned
+965|5627|Cleveland, Ohio

Flaming_Maniac wrote:

The difference is an informed decision not a risk-free decision.
same with horse racing.  and i get more return from that then the stock market.
2010-07-11 13:10:46
DrunkFace
Germans did 911
+427|7071|Disaster Free Zone
Share market. 100% of the time.
2010-07-11 13:16:43
Flaming_Maniac
prince of insufficient light
+2,490|7097|67.222.138.85

11 Bravo wrote:

Flaming_Maniac wrote:

The difference is an informed decision not a risk-free decision.
same with horse racing.  and i get more return from that then the stock market.
Unless you know the guy that tranq'd some of the horses I don't know how it is more informed than what the suits on wall street do.
2010-07-11 13:22:55
11 Bravo
Banned
+965|5627|Cleveland, Ohio
thats my point.  even if you do research and crap like that its still the same risk.  at least in my case the ponies made the dough.
2010-07-11 13:26:25
unnamednewbie13
Moderator
+2,068|7161|PNW

At least horse racing is FUN to watch.
2010-07-11 13:28:24
DrunkFace
Germans did 911
+427|7071|Disaster Free Zone

unnamednewbie13 wrote:

At least horse racing is FUN to watch.
hardly
2010-07-11 14:04:12
Flaming_Maniac
prince of insufficient light
+2,490|7097|67.222.138.85

11 Bravo wrote:

thats my point.  even if you do research and crap like that its still the same risk.  at least in my case the ponies made the dough.
No, if you find a company with a vision and people you trust, that means lower risk. It does not mean no risk, but it is an informed decision.
2010-07-11 14:09:07
11 Bravo
Banned
+965|5627|Cleveland, Ohio

Flaming_Maniac wrote:

11 Bravo wrote:

thats my point.  even if you do research and crap like that its still the same risk.  at least in my case the ponies made the dough.
No, if you find a company with a vision and people you trust, that means lower risk. It does not mean no risk, but it is an informed decision.
what kind of return do you expect investing in a company with 10 people?
2010-07-11 14:37:47
Flaming_Maniac
prince of insufficient light
+2,490|7097|67.222.138.85

11 Bravo wrote:

Flaming_Maniac wrote:

11 Bravo wrote:

thats my point.  even if you do research and crap like that its still the same risk.  at least in my case the ponies made the dough.
No, if you find a company with a vision and people you trust, that means lower risk. It does not mean no risk, but it is an informed decision.
what kind of return do you expect investing in a company with 10 people?
A start up is the kind of company that you can expect a 200% return on if anything.

 

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